Amendment to Bankruptcy Rule 3002

Certain amendments to the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”) became effective in all cases commenced after December 1, 2017. The amendment to Bankruptcy Rule 3002 is significant and does the following:

• It shortens the deadline to file a proof of claim to 70 days after the bankruptcy filing; and
• It requires secured claims in cases pending under Chapter 7, 12 or 13 to file a proof of claim.

For more details, read the entire alert here.